The Dow Jones Is Whoop Tee Doo!
The Dow Jones jumped nearly 900 points today, meaning that the month of October could go down as just “ridiculously sh*tty” instead of “stupendously sh*tty.”
Prior to this afternoon’s rally, the Dow was down 27.2% for the month of October – the biggest monthly drop in 57 years and the second-worst monthly decline ever.
And even after the bulls roared for just the second time this month, the Dow is still down more than 2,000 points from where it was a month ago – and down nearly 6,000 from its all-time high a little over a year ago.
So yeah … let’s not break out the bubbly just yet …
Comments
By nope on October 28th, 2008 at 4:35 pm
No kidding. A little bit up from a whole helluva lot down is nothing to screech about. Better than more down, though.
By Will on October 28th, 2008 at 4:56 pm
like whip cream on dog shit.